Registered Members Login:
   
Forgotten Your Details? Click Here To Recover +
Welcome To The ShareCafe Community - Talk Shares And Take Stock With Smart Investors - New Here? Click To Register >

5 Pages (Click to Jump) V   1 2 3 4 > »    
 
  
Reply to this topic

ORI, ORICA LIMITED
blacksheep
post Posted: Nov 2 2019, 07:20 PM
  Quote Post


Posts: 6,783
Thanks: 2302


Bit of a turnaround story - FY18 A$48m loss - FY19 A$245m net profit
1 NOVEMBER 2019
QUOTE
CONTINUED MOMENTUM IN PROFITABLE GROWTH
Melbourne: Orica (ASX: ORI) today announced statutory Net Profit After Tax for the 12 months
ended 30 September 2019 of $245 million (FY18 $48 million loss)
and NPAT before individually
significant items of $372 million, up 15% on the prior corresponding period (pcp). Underlying
earnings per share increased by 14% to 97.9 cents per share.

Orica Managing Director Alberto Calderon said: “Our FY19 financial result provides evidence of the
continuing uplift in our operating and financial performance.

“Orica’s manufacturing and cost performance is improving across the board. Volumes are growing
and our market-leading technology solutions are gaining traction with customers. Our growth
drivers are starting to deliver.

“All of our regions are performing strongly with Europe, Middle East & Africa reporting a particularly
pleasing result in FY19 following focused efforts to improve this business. Increased penetration of
our technology-based blasting solutions and contract wins have driven sales revenue 9% higher for
the period.
“The increase in Australia Pacific & Asia volumes was led by 6% growth in Australia, with market
share in the region continuing to increase.

“Consistent with our previous updates, progress on rectification at Burrup continues in line with our
plan, and the plant is expected to make a positive contribution to earnings from the second half of
FY20.

“We are particularly pleased with the ongoing strong performance of our GroundProbe business
which continues to deliver results ahead of expectations. We anticipate this exceptional business
will deliver 20% Return on Net Assets (RONA) over the next three years. After several years of
management focus the Minova business has also delivered a signficantly improved result in this
period.”

Capital Management and Dividends
Orica’s gearing (34.9%) remains comfortably within the company’s revised target range of 30-40%.
The Board has declared a final ordinary dividend of 33.0 cps (5.0 cents franked), bringing the full
year dividend to 55.0 cps. The final dividend is payable on 13 December 2019 to shareholders
registered at the close of business on 13 November 2019.

Outlook
The outlook for FY20 and beyond is positive. Orica anticipates higher earnings in FY20
underpinned by increased demand and product mix across all regions and the further take-up of
our market-leading technology. Earnings contributions expected from the Burrup plant will feed in
to higher earnings from the second half. It is expected earnings will be skewed to the second half
of the year.

“While there are many external factors that can impact our performance, Orica’s efforts to improve
every aspect of operations within our control is starting to deliver results. We are optimistic this
early momentum will be maintained and grow in the years ahead,” Mr Calderon said.

FY20 capital expenditure is anticipated between $370 million and $390 million (excluding Burrup)
with a continued focus on growth capital and plant reliability

Attached thumbnail(s)
Attached Image


 




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
nipper
post Posted: Aug 2 2019, 07:06 PM
  Quote Post


Posts: 6,414
Thanks: 2240


QUOTE
Spotlight on Orica

Orica (ASX: ORI) is the world’s largest provider of commercial explosives and innovative blasting systems for the resources and construction industries, a leading supplier of sodium cyanide for gold extraction, and a specialist provider of ground support services in mining and tunnelling. The business employs 11,500 people, servicing customers across more than 100 countries.

This week, ORI shares rose to a 52-week high and closed up 8.9% for the week following its investor day on Tuesday. The day highlighted the fact that ORI’s investments in technology and automation have started to produce efficiency benefits. ORI said its ability to utilise digitally-enabled blasting has allowed ORI to reduce drill costs, improve productivity and increase margin growth. The day further highlighted the continuingly improving business conditions globally.




--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Feb 21 2018, 07:59 AM
  Quote Post


Posts: 6,414
Thanks: 2240


QUOTE
....former BHP executive and current Orica CEO Alberto Calderon .... explain[ed] to the Melbourne Mining Club what was behind BHP's productivity optimism.

He explains that the mining industry is embracing robotics, automation, big data and the internet-of-things, which are transforming every element of the mining value chain — from exploration, mining and processing to transport. New technologies are enabling miners like BHP to lift utilisation rates, operate more precisely, reduce maintenance costs and increase asset life.

Perhaps the biggest single change to mining is the planned use of Wi-Fi to trigger explosives. BHP is working with Orica on this development and the new explosives technology is a key reason why BHP is so optimistic about cost reduction. Blasting is one of the few processes in the mining value chain that to date remains largely untouched by automation.

Last year, Orica commercialised the world's first wireless detonator — which uses wireless technology to initiate blasts through rock, water or air from surface control rooms. With the manual task of connecting wires removed, BHP will slash the costs of its most labour-intensive processes.

Orica believes that just as the introduction of ammonium nitrate was an industry changer in the 1950s and 60s, so the automation of drill and blast will be a gamechanger for the 2020 industry....
https://www.theaustralian.com.au/business/o...75190df4bb51e04

- probably benefit the big miners more than ORI?





--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
early birds
post Posted: May 12 2015, 02:14 PM
  Quote Post


Posts: 12,490
Thanks: 1380


Explosives giant Orica has downgraded its guidance and raised the possibility of cutting its ammonium nitrate supply as it reported a 3 per cent drop in half-year profit to $211 million.

The world's biggest supplier of mining explosives this morning said that it expects full-year global explosives volumes to be "around 3.75 million tonnes" compared with previous guidance of 3.8 million to 4 million tonnes.

Amid a sharp downturn in the mining sector, which Orica supplies, the company said that "explosives prices have been substantially reset" and the full impact will hit Orica in the second half of the year.

Interim chief executive Alberto Calderon, a former BHP Billiton executive, said that market conditions are "unquestionably difficult".

"Orica is continuing to take action to mitigate the impact of market headwinds to build a foundation for earnings resilience through the cycle," he said.

"While the mining price boom has ended, Orica's operations are more closely correlated to production volumes, which have remained steady."

With many analysts expecting the Australian ammonium nitrate market will move into oversupply of some 500,000 tonnes as new capacity is brought online, Mr Calderon hinted that he may consider cutting production.

In early trade, Orica shares are 2.4 per cent lower at $19.70.
===============

it break through upside resistance and looks more of upside to come---------at 21.20......
sadly i've been shacked out awhile ago........... sadsmiley02.gif

 
early birds
post Posted: Mar 3 2015, 12:49 PM
  Quote Post


Posts: 12,490
Thanks: 1380


In Reply To: early birds's post @ Mar 2 2015, 10:06 AM

jumped in for a trade this morning get on at 20.25, looks it target 22ish with stops at 19.95.
===========

stupid me, should've trialed stops up when it hit through 20.50. have to take loss today.! set target too high i guess! sadsmiley02.gif



 
early birds
post Posted: Mar 2 2015, 10:06 AM
  Quote Post


Posts: 12,490
Thanks: 1380


Explosives giant Orica will buy back up to $400 million worth of its own shares after completing the sale of its chemicals business to Blackstone.
The world's biggest supplier of mining explosives announced the on-market buyback plan this morning, which will take place over the next 12 months.
The company had indicated its intent to return capital to shareholders after the sale of the non-core chemicals division had been finalised.
"The share buyback reflects Orica's commitment to maximise returns to shareholders while preserving flexibility to respond to changes in the operating environment and maintain an investment grade credit rating," Orica chief executive Ian Smith said.
After a dual-track process, Orica decided not to demerge the chemicals unit and in November agreed to sell it to private equity heavyweight Blackstone for $750 million.
Orica's chief deal maker and head of strategy Andrew Larke has departed Orica and is the new chief executive of the Blackstone-owned chemicals business.
The chemicals manufacturing and distribution business has been named Ixom. Its major Australian customers include dairy giant Fonterra, crop protection group Nufarm, Orica, Caltex and BlueScope Steel.
"With a distinctive new identity and a renewed focus as an independent entitiy, we are committed to providing innovative chemical solutions to our customers and supporting their growth plans," Mr Larke said.
After transaction and separation costs, Orica will reap net proceeds of between $620 million and $650 million from the sale, which is close to the book value of the chemicals business.
Completion of the sale comes as iron ore and coal prices remain under pressure and a significant number of coal mines on Australia's east coast are losing cash.
This has left some analysts cautious on Orica given its mining customers are not expanding but looking to cut costs, and in some cases closing mines.
Orica shares are 2.3 per cent higher at $20.28.


Read more: http://www.smh.com.au/business/markets-liv...l#ixzz3TBLx0PSS
================

jumped in for a trade this morning get on at 20.25, looks it target 22ish with stops at 19.95.



 

sentifi.com

Share Cafe Sentifi Top themes and market attention on:


batikit
post Posted: Oct 29 2013, 10:38 AM
  Quote Post


Posts: 498
Thanks: 59


In Reply To: arty's post @ Oct 29 2013, 10:26 AM

it would be treble top

this is either ascending triangle or treble top

 
arty
post Posted: Oct 29 2013, 10:26 AM
  Quote Post


Posts: 13,078
Thanks: 3381


In Reply To: ft2tak's post @ Sep 9 2013, 07:00 PM

On a weekly scale, ORI has triggered a number of Trinity warnings.

Attached Image


A break of the $21.50 resistance could be worth a punt; my next target is then $25.
On the other hand, if resistance holds, it could play out as a double top, dropping back to $17.50.

Attached Image





--------------------
I trade daily, but I am not a licensed adviser. Whether you find my ideas reasonable or not: The only person responsible for your actions is YOU.
I follow two rules: (1) There are no sacred truths. All assumptions must be critically examined. Arguments from authority are worthless. (2) Whatever is inconsistent with observed facts must be discarded or revised. We must understand the Market as it is and not confuse how it is with how we wish it to be. (inspired by Carl Sagan)
 
ft2tak
post Posted: Sep 9 2013, 07:00 PM
  Quote Post


Posts: 8


In Reply To: batikit's post @ Sep 5 2013, 10:26 PM

broke $20, next resistance $22

 
batikit
post Posted: Sep 5 2013, 10:26 PM
  Quote Post


Posts: 498
Thanks: 59


ORI broke out of the falling channel and hit the resistance around 20

expect a retracement perhaps back to the former resistance of the falling channel and buy if it re-bounce from there
Attached thumbnail(s)
Attached Image


 


 
 


5 Pages (Click to Jump) V   1 2 3 4 > » 

Back To Top Of Page
Reply to this topic


You agree through the use of ShareCafe, that you understand and accept the TERMS OF USE.


TERMS OF USE  -  CONTACT ADMIN  -  ADVERTISING